Also on a recent order of toilet supplies CRTA negotiated free shipping |
Pretty pathetic in my humble opinion...
Where are all those slipped deals from last year? |
Wasn't about a 50000 contact win but about another revenue model |
It's always helpful to announce a $50k contract win. |
I shall get some more at the next fundraising. |
Unbelievable.
This goes on and on... |
That’s a lot of words to say ‘we’re still screwed’ |
You can't make this stuff up:
o Strongest bookings quarter since Q2FY22
o Bookings in Q4FY24 of $3.0m (Q4FY23: $2.7m; Q3FY24: $1.7m)
So $3m of bookings, zero profit, but great, right - big increase?
Er, no, they're down $100k over the full year:
"Bookings FY24 of $7.1m (FY23: $7.2m)"
Even for AIM, the tone of the RNS vs the numbers is nuts. |
Unbelievable, changing the financial guidance in the last few days of the year. Next year, next decade, next century, all will be good.
Stephen is quite a good actor, I do like the videos and the production quality 😁 |
"...Thank our colleagues for getting us towards the end of the recovery phase of the Company. We inherited a broken business from a peak annualized cost base of $45m per annum to a company exiting FY24 with a cash overhead of circa $20m per annum. "
The End of the Recovery Phase - I know what 90% of us on here think that end looks like :)
There's never been a viable business here, & withdrawal of guidance will surprise no one. |
Another hammering coming here ,always heading lower simply too high cash burn and not enough business |
Uncertainty surrounding election of Donald Trump seems a favourite elsewhere. Or Rachel Reeves' Budget (fair). |
Just curious what will be the excuses this time...
Slipped deals again?
Weather? |
just to remind.
Market cap £36m
Cash at end Sept £10m. Cash burn probably about £3m per quarter.
Profitability zilch. |
Blimey, yes:
"....358,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") in relation to the settlement of consultancy fees.." |
And when you start paying your suppliers in shares, surely those shares are just going to come straight on the market.
Never mind the dilutive affect of issuing the shares on existing shareholders. |
Can't understand that people still believe in that stock... It's Disco Dave's Wandisco allover again 😬 |
Had to chuckle at that renewal - $33.5k a month, but they've been losing money on the existing contracts, so as you say - where's all the extras?
And do they RNS the contracts that aren't renewed?
Difficult to believe it's a real market in CRTA shares. More difficult to believe it's the sort of co Rachel would like people's pensions to be invested in. |
The price action on this share is astonishing.
A contract renewed. Which makes one wonder where the RNS's are for all the contract wins that are promised.
I'd be guessing but has the subject of a capital raise come up with the strength of the share price. |
hxxps://cirata.com/news/article/cirata-releases-data-migrator-30 |
Could it be another $13,000 contract (revenue). |
Presumably something knows something. |
The only similar things I can think of are Avacta and Ocado, both co's who've never been required by their shareholders to make a profit, but both of whom have repeatedly raised money.
But both seem to have real businesses, even if unprofitable (OCDO did make a very small accounting profit once; AVCT must have been tapping shareholders for 20 years & never made a penny).
CRTA wasn't viable even when the sales numbers were forged. |
Placing coming 10p here by the looks of it and I still wouldn't buy any . |
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